Hello my fellow cryptocurrency trader, how are you feeling this Saturn-day?
We have a very simple chart here, ADXBTC (AdEx).
We are doing some of a fractal...
First, we have the consolidation box in purple.
Second, we have a strong bullish breakout.
The same pattern is repeating now.
After prices move above EMA50 for ADXBTC, strong bullish action...
When you see a trading pair, altcoins, above EMA50 and MA200, this means that the bulls are in control.
As long as prices stay above these two lines, we can expect a massive jump.
But, please remember that charts are always changing and can always change...
If prices move and close below MA200, the bullish bias can be lost.
The market is dynamic, we adapt and...
ADX is continuously rejected in the 1900-2000sts region since August and currently the trend of ADX is to fall to the zones of 1200sts, 1000sts and deepest in the 500-600sts
Only when ADX closes 1D candle above 2000sts, ADX will have a stable and strong rally.
- Buy: 1200-1300sts. Stoploss if B
- Buy: 900-1000sts. Stoploss if B
- Buy: 500-600sts....
ADXBTC (AdEx) continues to print a really strong consolidation with prices accumulating above all our EMAs (EMA10/21/50/100/200/300) and also MA200.
We have the "Cup & Handle" pattern.
Which is a bullish pattern.
We also have the MACD sitting strongly above the zero line and with plenty of room available for additional growth.
The RSI is above 60, so we can...
Buying around 0.0000182 - 0.0000153
1 - 0.0000213
2 - 0.0000243
3 - 0.0000294
4 - 0.0000393
Fixation below 0.0000143, the price may turn into accumulation
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ADXBTC H2: 50% gains possible / BUY/HOLD setup(SL/TP)(NEW)...
AdEx (ADXBTC) is preparing for a big move.
First, we have the massive candle on 29-July.
Then, we have the strong candle on 11-Sept.
Third, prices bounced off EMA300 rather than reaching MA200, signaling strength...
ADXBTC is likely to grow long-term.
We will see the last high taken out at 0.00003385 and even higher prices.
Patience is key, once...
-AdEX is trading inside a Bullish descending channel
-The confirmation of this pattern is a break to the upside
-The price is now trading at the previous resistance area
-The 200D MA dynamic support is approaching the price
-I recommend buying the break or retest of trendline resistance
-Upside potential is up to 2600 sat
-AdEx has been trading above 0.618 Fib level for 6 days now
-This is also a confluence of 50D MA dynamic support area
-It is currently showing strength and some attempts to break 1800 sat range
-If we can see two daily consecutive green candles
-There is a chance of potential upside breakout in the short term
-Let's hope BTC will remain sideways in this...
My opinion on this idea is that ADXBTC has reached potential bottom. If you take a look at RSI indicator and price, you will see that we have lower lows on price chart, but whereas on indicator it's not going lower than 30 level, it's called divergence and in our case it's bullish.
Additionally, price has reached 0.236 Fib level, which is last fib retracement...
-After the recent over 200% price pump
-The price has retraced already by -50%
-ADX just broke the local support at 1800 range
-It is likely to fall further around 1350 support area
-If we can see any reversal signs in that region
-I recommend to open a Buy position and target up to 1700 or higher
-Stoploss is determined once a position enter is opened